Indoor Positioning and Indoor Navigation (IPIN) Market Forecast & Growth Factors

Explore the dynamic world of Indoor Positioning & Navigation (IPIN) to enhance customer experiences & streamline asset tracking and building management.
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The Indoor Positioning and Indoor Navigation (IPIN) is a mosaic industry interlinked closely to attendant markets such as location based services, real-time asset tracking, customer experience management, smart building management, and mass notification system among others.

Factors driving the IPIN industry:
  • Need for Real-time Location Analytics
  • Thrust on Customer Experience for Brand Building
  • Demand for Proximity Marketing
  • Surge in Adoption of IoT
  • Rise in Adoption of Hardware e.g. Bluetooth Beacons, QR Codes/NFC Tags
Attendant Markets and Their Projected Growth within the Forecast Period

Parking Management Market Global Forecast 2018 – USD 3.39 billion; 2023 – USD 5.2 billion @ CAGR of 8.7%

  • Seamless traffic flow
  • Fuel consumption reduction
  • Increasing motor vehicle sales

Incident and Emergency Management Market: 
Global Forecast 2019 – USD 107.0 billion; 2024 – USD 148.5 billion @ CAGR of 6.8%

  • Occurrence of unpredictable natural disasters
  • Growth in terrorist attacks and criminal activities

Smart Building Market
Global Forecast 2019 – USD 60.7 billion in 2019; 2014 – USD 105.8 billion @ CAGR) of 11.7%

  • Rising adoption of IoT-enabled building management system
  • Increased awareness on indoor space management

Location Based Services Market
Global Forecast 2019 – USD 16.0 billion; 2024 – USD 40.0 billion by 2024 @ CAGR of 20.1%

  • Growing demand for LBS and RTLS for industry applications
  • Proliferation of smartphones/location-based apps among consumers
  • Growing demand for geo marketing

Digital Railway Market
Global Forecast 2019 – USD 50.0 billion; 2024 – USD 74.8 billion @ CAGR of 8.4%

  • Increasing investments in the railway sector
  • Surge in passenger numbers
  • Focus on passenger experience

Integrated Workplace Management System Market
Global Forecast – 2019 USD 2.3 billion; 2024 – USD 4.6 billion @ CAGR of 14.2%

  • Requirement of improved and efficient operational solutions
  • Increased sophistication of solutions and services

Location Analytics Market
Global Forecast 2019 – USD 10.6 billion; 2024 – USD 22.8 @ CAGR of 16.6%

  • To analyze and generate insights from the spatial data
  • Development of location-based technologies

Customer Experience Management Market
Global Forecast 2019 – USD 7.8 billion; 2024 – USD 14.5 billion @ CAGR of 13.3%

  • Increasing need to improve customer engagement
  • Reduce customer churn rate
  • Rising demand for big data analytics

Student Information System Market
Global Forecast 2018 – USD 5.0 billion 2023 – USD 9.0 billion @ CAGR of 12.4%

  • Growing demand for robust internal process software and improve
  • Seminar/conference management

Geomarketing Market
Global Forecast 2018 – USD 7.3 billion; 2023 – USD 23.7 billion @ CAGR) of 26.4%

  • Increasing demand for location-based intelligence
  • Use of location analytics and big data

Mass Notification Systems Market
Global Forecast 2017 – USD 4.86 Billion; 2022 – USD 11.87 Billion @ CAGR of 19.6%

  • Growing concerns for public safety and security,
  • Increasing awareness about MNS for business continuity

The Indoor Location Market
Global Forecast 2017 – USD 7.1 Billion; 2022 – USD 41.0 billion @ CAGR of 42.0%

  • Increasing adoption of connected devices
  • Growing demand for the indoor location

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